Industry

Lokpobiri In a move aimed at stimulating the oil industry, the Nigerian government, under the leadership of the Minister of State for Petroleum Resources, Mr. Heineken Lokpobiri, has announced the removal of signature bonuses from the…
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In a statement by the Nigerian National Petroleum Company Ltd (NNPC) at the ongoing Offshore Technology Conference (OTC) in Houston, Texas, the company has pledged its continuous commitment to the development of oil and gas…
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As Nigeria’s fuel scarcity lingers, the Chairman, Senate Committee on Petroleum (Downstream), Senator Ifeanyi Ubah, said two refineries – Port Harcourt and Warri – would be fully operational by the end of 2024. He said plans have…
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Freight Rate for trucking aviation fuel also known as Jet A1 from Dangote refinery to the Lagos Airports is eroding the gains of the refinery to local airline operators.Reports have it that Dangote Refinery had in April, 2024,…
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NNPCL The Federal Government is set to commence a fresh audit of the N2.8tn fuel subsidy claim by the Nigerian National Petroleum Company Limited. An audit firm, KPMG, had conducted an initial audit, reducing the claims from N6tn to…
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Osagie Okunbor By Saidu Abubakar Shell has last year, exclusively paid a total of $1.09 billion in corporate taxes and royalties to the Government of Nigeria through the operations of The Shell Petroleum Development Company of…
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By William Emmanuel Ukpoju Aradel Holdings Plc, a leading integrated indigenous energy company in Nigeria, has released its 2023 Annual Report and Accounts, showcasing an unprecedented performance in its operations and financial…
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By Dr. Wisdom Enang The recent 240% increase in electricity tariffs for Band A consumers in Nigeria, effective April 1, 2024, has sparked widespread outrage and concern among citizens. The Nigerian Electricity Regulatory Commission…
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Momoh Jimah Oyarekhua By Ese Ufuoma The new regulations requiring oil producers in Nigeria to sell crude oil to domestic refineries are expected to foster healthy competition in the domestic market, thereby resuscitating the…
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Banga By Adaobi Rhema Oguejiofor The World Bank has pledged to address the electricity shortfall in Africa by committing to provide affordable electricity to about 300 million individuals. This was disclosed by the World Bank…
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